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The balance on Claire’s credit card on January 18, her billing date, was $358.02. For the period ending February 18, Claire had the following transactions:
Jan 23 = $63.53
Jan 25 = $120.00
Feb 6 = $19.48
Feb 8 = $194.86
a) Find the average daily balance for the billing period.
b) Find the finance charge to be paid on February 18. Assume an interest rate of 1.2% per month.
c) Find the balance due on February 18.
Sagot :
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